Here they are: the hedge fund darlings of Q3.
Goldman Sachs recently updated its Very Important Position list of stocks that appear the most among the funds’ largest 10 holdings.
One disclaimer: The list was compiled based on 13-F filings hedge funds made, which disclosed their positions. These stocks were held as of the end of the third quarter, and the funds could have since changed their positions.
Goldman ranked the stocks based on the number of funds that held as a top-10 holding.
Here are the top nine, in descending order:
9. Bank of America
Ticker: BAC
Subsector: Diversified Banks
No. of funds with stock as top-10 holding: 36
No. of funds with 10 to 200 positions owning stock: 52
% of equity cap owned by hedge funds: 2%
Return year-to-date: 21%
Source: Goldman Sachs
8. Allergan
Ticker: AGN
Subsector: Pharmaceuticals
No. of funds with stock as top-10 holding: 37
No. of funds with 10 to 200 positions owning stock: 59
% of equity cap owned by hedge funds: 9%
Return year-to-date: -37%
Source: Goldman Sachs
7. Yahoo
Ticker: YHOO
Subsector: Internet Software & Services
No. of funds with stock as top-10 holding: 39
No. of funds with 10 to 200 positions owning stock: 54
% of equity cap owned by hedge funds: 18%
Return year-to-date: 21%
Source: Goldman Sachs
6. Microsoft
Ticker: MSFT
Subsector: Systems Software
No. of funds with stock as top-10 holding: 41
No. of funds with 10 to 200 positions owning stock: 68
% of equity cap owned by hedge funds: 2%
Return year-to-date: 9%
Source: Goldman Sachs
5. Apple
Ticker: AAPL
Subsector: Technology Hardware Storage & Peripherals
No. of funds with stock as top-10 holding: 48
No. of funds with 10 to 200 positions owning stock: 79
% of equity cap owned by hedge funds: 1%
Return year-to-date: 4%
Source: Goldman Sachs
4. Alphabet
Ticker: GOOGL
Subsector: Internet Software & Services
No. of funds with stock as top-10 holding: 48
No. of funds with 10 to 200 positions owning stock: 77
% of equity cap owned by hedge funds: 4%
Return year-to-date: 0%
Source: Goldman Sachs
3. Charter Communications
Ticker: CHTR
Subsector: Cable & Satellite
No. of funds with stock as top 10 holding: 53
No. of funds with 10 to 200 positions owning stock: 69
% of equity cap owned by hedge funds: 17%
Return year-to-date: 28%
Source: Goldman Sachs
2. Facebook
Ticker: FB
Subsector: Internet Software & Services
No. of funds with stock as top-10 holding: 57
No. of funds with 10 to 200 positions owning stock: 92
% of equity cap owned by hedge funds: 4%
Return year-to-date: 12%
Source: Goldman Sachs
1. Amazon
Ticker: AMZN
Subsector: Internet Retail
No. of funds with stock as top-10 holding: 61
No. of funds with 10 to 200 positions owning stock: 95
% of equity cap owned by hedge funds: 3%
Return year-to-date: 10%
Source: Goldman Sachs
SEE ALSO:
The 24 best US stocks you can buy right now, according to Bank of America